No Idea Is a Bad Idea: A Theoretical Explanation
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Many business publications state that no idea is a bad idea, that even if the idea is, at first glance, not helpful, there are usually some aspects of this idea which are helpful Usually, this statement is based on the experience of the author, and it is given without any theoretical explanation. In this paper, we provide a theoretical explanation for this statement. 1 No Idea Is a Bad Idea Many business publications state that no idea is a bad idea, that even if the idea is, at first glance, not helpful, there are usually some aspects of this idea which are helpful; see, e.g., [2]. Usually, this statement is based on the experience of the author, and it is given without any theoretical explanation. In this paper, we provide a theoretical explanation for this statement.
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[2] David Gale,et al. Review: R. Duncan Luce and Howard Raiffa, Games and decisions: Introduction and critical survey , 1958 .
[3] Peter C. Fishburn,et al. Utility theory for decision making , 1970 .